Is Vasta Platform Ltd (NASDAQ: VSTA) Stock Worth Investing In for High Returns?

In the latest trading session, 0.55 million Vasta Platform Ltd (NASDAQ:VSTA) shares changed hands as the company’s beta touched 0.16. With the company’s most recent per share price at $4.18 changed hands at -$0.05 or -1.06% at last look, the market valuation stands at $345.89M. VSTA’s current price is a discount, trading about -10.29% off its 52-week high of $4.61. The share price had its 52-week low at $3.05, which suggests the last value was 27.03% up since then. When we look at Vasta Platform Ltd’s average trading volume, we note the 10-day average is 56620.0 shares, with the 3-month average coming to 36.44K.

Vasta Platform Ltd (NASDAQ:VSTA) trade information

Instantly VSTA was in red as seen in intraday trades today. With action -1.53%, the performance over the past five days has been red. The drop to weekly highs of 4.37 on Monday, 11/20/23 subtracted -1.06% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.62%, with the 5-day performance at -1.53% in the red. However, in the 30-day time frame, Vasta Platform Ltd (NASDAQ:VSTA) is 8.70% up. Looking at the short shares, we see there were 98740.0 shares sold at short interest cover period of 7.41 days.

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Vasta Platform Ltd (VSTA) estimates and forecasts

Data shows that the Vasta Platform Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.98% over the past 6 months, a 122.22% in annual growth rate that is considerably higher than the industry average of 12.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Vasta Platform Ltd will rise 350.00%. Year-over-year growth is forecast to reach 24.00% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $121.44 million. The company’s revenue for the corresponding quarters a year ago was $101.01 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.43%. The 2023 estimates are for Vasta Platform Ltd earnings to increase by 126.99%, but the outlook for the next 5-year period is at 5.16% per year.

VSTA Dividends

Vasta Platform Ltd is expected to release its next quarterly earnings report on November 08.

Vasta Platform Ltd (NASDAQ:VSTA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.00% of Vasta Platform Ltd shares while 109.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.05%. There are 109.05% institutions holding the Vasta Platform Ltd stock share, with Compass Group LLC the top institutional holder. As of Sep 29, 2023, the company held 22.05% of the shares, roughly 4.04 million VSTA shares worth $16.89 million.

Kayne Anderson Rudnick Investment Management LLC holds the second largest percentage of outstanding shares, with 18.29% or 3.35 million shares worth $14.01 million as of Sep 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were Fidelity Latin America Fund (US) and Virtus OpportunitiesTr-Virtus KAR Emerging Markets Small Cap Fd. With 1.73 million shares estimated at $7.22 million under it, the former controlled 9.43% of total outstanding shares. On the other hand, Virtus OpportunitiesTr-Virtus KAR Emerging Markets Small Cap Fd held about 7.60% of the shares, roughly 1.39 million shares worth around $5.82 million.

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